1988 saw the birth of the Victoria and Alfred Waterfront Company, which was permitted to lease 83 hectares of the old Cape Town harbour area. Today it houses the Two Oceans Aquarium , numerous craft markets, an Imax Theatre and immense shopping complex. This makes the V&A Waterfront the ideal place to while away a few hours.

Wikipedia states that the Victoria & Alfred Waterfront is South Africa's most-visited destination, having the highest rate of foreign tourists of any attraction in the country.

A number of boat cruises are available, ranging from harbour trips to watch seals, to romantic sunset cruises along the Peninsula on modern yachts or an old-fashioned sail boat. Trips to the well-known Robben Island are also available.

Accommodation options at the V&A Waterfront include the Cape Grace hotel which has received numerous accolades, has on occasion been awarded "Best Hotel in the World" status and remains a firm favorite with visitors to Cape Town. Another option is the Victoria & Alfred Hotel.

Visitors can also board a steam locomotive to the Spier Estate in Stellenbosch at the Waterfront and sip champagne en route to Spier, where activities include live music, horse-carriage rides, a cheetah park, lakeside picnic options and a bevy of fine restaurants which afford you the opportunity to sample Cape wines.